1) Historical TSR performance

Growth in the value of a hypothetical £100 holding over five years

	pounds
	BAT	FTSE 100
December 2006	331.42	139.62
December 2005	285.91	121.29
December 2004	187.76	100.60
December 2003	150.08	89.73
December 2002	115.72	79.21
December 2001	100.00	100.00

FTSE 100 comparison based on 30 trading day average values.

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2) Total shareholder return (annual %) - FMCG group

	BAT	Median
FMCG group (1 January 2004 - 31 December 2006)	32.2	15.3

The FMCG comparison is based on three months' average values.

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3) Total shareholder return (annual %) - FTSE 100

	BAT	Median
FTSE 100 (1 January 2004 - 31 December 2006)	32.2	19.9

The FTSE 100 comparison is based on three months' average values.

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